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Business realignment and acquisition integration charges
 6 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Business realignment and acquisition integration charges Business realignment and acquisition integration charges
We incurred business realignment and acquisition integration charges in the first six months of fiscal 2024 and 2023, which included severance costs related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures. In fiscal 2024 and 2023, a majority of the business realignment charges were incurred in Europe. We believe the realignment actions will positively impact future results of operations, but will not have a material effect on liquidity and sources and uses of capital.
Business realignment charges by business segment are as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 2023202220232022
Diversified Industrial$13,285 $4,377 $25,924 $6,389 
Aerospace Systems(123)1,001 330 2,850 
Other (income) expense, net1,192 — 1,192 — 
Reductions to our workforce made in connection with such business realignment charges by business segment are as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 2023202220232022
Diversified Industrial190 166 515 217 
Aerospace Systems— 4 2 16 
The business realignment charges are presented in the Consolidated Statement of Income as follows:
Three Months EndedSix Months Ended
 December 31,December 31,
 2023202220232022
Cost of sales$8,467 $3,214 $15,451 $5,713 
Selling, general and administrative expenses4,695 2,164 10,803 3,526 
Other income, net1,192 — 1,192 — 
During the first six months of fiscal 2024, approximately $18 million in payments were made relating to business realignment charges. Remaining payments related to business realignment actions of approximately $22 million, a majority of which are expected to be paid by June 30, 2024, are primarily reflected within the other accrued liabilities caption in the Consolidated Balance Sheet. Additional charges may be recognized in future periods related to the business realignment actions described above, the timing and amount of which are not known at this time.
We also incurred the following acquisition integration charges:
Three Months EndedSix Months Ended
 December 31,December 31,
 2023202220232022
Diversified Industrial$871 $1,695 $2,010 $1,881 
Aerospace Systems9,143 31,723 14,410 43,528 
Charges incurred in fiscal 2024 and 2023 relate to the Acquisition. In both fiscal 2024 and 2023, these charges were primarily included in selling, general and administrative expenses ("SG&A") within the Consolidated Statement of Income.